This Week in Procurement

This Week in Procurement: Supply Chain Risk Reaches All-Time High

Written by Philip Ideson

1.
MUST READ


Supply chain risk is at the forefront of my mind, with the current geopolitical uncertainty, and so I was not surprised to read this week that global supply chain risk is at an all time high – as measured by the CIPS Dun & Bradstreet Index.

For those procurement organizations who are not playing an active role in the identification, management and mitigation of supply chain risks, this should be a wake-up call. I believe that proactively mitigating supply chain risks is a key value lever that procurement can pull in today’s environment. Check out the article:

Supply Chain Risk Reaches All-Time High
| Jacki Buist, Supply Management Magazine.

On this topic, I had the opportunity this week to interview former BBC World News presenter and Visiting Professor at Kings College, Nik Gowing. Nik provided some fascinating insights into a research study that he has led called “Thinking the Unthinkable”.

The podcast will be published next week to digital delegates of the Procurious Big Idea Summit. Check out the “Other Stuff” section of This Week in Procurement for more details.



2.
OTHER INTERESTING ARTICLES

The Hidden Supply Chain Behind Valentines Day Flowers | Debbie Kaplan, Supply Chain Dive

The Millennial CPO: How Will the New Generation Transform the Supply Chain Profession? | Sydney Lazarus, Spend Matters

How to Hold on Tight to Perspective Procurement Talent | Graham Lucas, Michael Page

How to Turn Your 600-Question RFP into a 6-Question RFP | Anna Spady, RFP365

The Role of Procurement in Developing Local Communities
| Molebatsi Moagi, Centre for Supply Development

Procurement Leaders: Be Bold, But Nice! | Deb Stanton, CAPS Research

Is Your Procurement Department Strategic? | Simon Brown, ArcBlue Consulting



3.
PROCUREMENT & SERVICE PROVIDER NEWS

I don’t have any procurement and service provider news to share this week!  If you have anything to share for consideration in a future This Week in Procurement, send details to: tips@artofprocurement.com



4.
@ THE ART OF PROCUREMENT

Podcast:  Beyond the Numbers: A Deep Dive into the Deloitte 2017 CPO Survey w/ Lance Younger



5.
OTHER STUFF

I mentioned at the top of the email that I recently interviewed Nik Gowing for a podcast to be published next week as part of the Procurious Big Idea Summit.  In partnership with Procurious, I have record a series of 5 15-minute podcasts called “Even Bigger Ideas”.

Each podcast will be published throughout the week next week, available to all digital delegates of the Big Idea Summit (it is free to sign up).  The interviewees are:


I have had a blast interviewing these fantastic guests!  For more information on how to listen check out:

Just When You Thought Our Idea’s Couldn’t Get Any Bigger… | Procurious Blog

Until next time…

About the author

Philip Ideson

Philip Ideson is passionate about the role that procurement professionals and leaders can plan in creating competitive advantage for their organizations in ways that go beyond the traditional value proposition.

Philip founded Art of Procurement as a way for the procurement community to learn from each other, increasing the impact they have on their organizations. In 2017, he co-founded Palambridge, a virtual platform of procurement experts, technology, and intelligence. Palambridge provides a broad range of flexible procurement solutions, available on-demand.

Prior to Art of Procurement and Palambridge, Philip enjoyed a career that spanned the procurement value chain, working across three continents for organizations such as Accenture, Procurian, Ally Financial, Pfizer and Ford Motor Company.